We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ath Resources | LSE:ATH | London | Ordinary Share | GB00B013H730 | ORD 0.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.325 | GBX |
ATH Resources (ATH) Share Charts1 Year ATH Resources Chart |
|
1 Month ATH Resources Chart |
Intraday ATH Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/3/2024 | 21:29 | ATH RESOURCES - coal mining in Scotland and France | 775 |
| 14/10/2011 | 15:51 | ATH Resources - A testing year | - |
| 23/6/2011 | 15:29 | A tough year, but longer term case intact | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 10/3/2024 21:29 by halfpenny Fall back as issues occur this week with further falls for ATH... |
Posted at 10/5/2013 16:49 by totally banjo ATH Resources plc 09 May 2013 ATH Resources plc - in administration ("ATH" or the "Company") Nominated Adviser ceasing to act and continued suspension to trading In accordance with AIM Rule 1, ATH announces that Seymour Pierce has ceased to act as nominated adviser and broker with immediate effect. Trading in the Company's securities were suspended on 5 December 2012 following the appointment William Wright, Brian Green and Allan Graham of KPMG LLP as administrators of the Company. The Company remains in administration and therefore the existing suspension to trading remains in place. Admission of the Company's securities to trading on AIM will be cancelled on the earlier of six months following the date of suspension from trading or the failure to appoint a replacement nominated adviser by 8 June 2013. This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 22/11/2012 16:35 by ssords This one really difficult to read. Seems down and out BUT why the interest by those buying up the bank loans. And as was my real interest in buying originally that UK is reliant on ALL forms of energy production incl coal of which we have masses. Every form of energy has its detractors, if we listen to them all bang goes our electricity supply. Hence why I believe we depend on all sources. Just need to convince the rest of UK and ATH shares should bounce. I think that I will take a punt, even out my current loss. Rest of UK just need to sort out the clean coal issue and bingo....hopefully.Ssords |
Posted at 30/10/2012 16:27 by ginna117 Lots of small buys , is it the employees at ath buying ?.Ginna |
Posted at 27/10/2012 09:18 by the stinger You never know with ATH, however at current levels someone/a 3rd party may be able to strike a deal, down to the debt really. MCAP is currently at 330k!, last bid talks (year ago) MCAP was at 15-20 million ish with a little more debt!! and the situation was similar to todays.. so its possible any deal could increase the share price by 200-400% from 0.8p. Total gamble with possible huge gains from here, however, could fold at anytime without an investor/buyer seeing value and doing a deal. Would not suprise me if a deal was doable tho'. |
Posted at 26/10/2012 23:18 by gnnmartin Given the RNS on the 15th, which included the statement "it is unlikely that shareholder value will be maintained following any possible restructuring." I'm more surprised that anyone is buying shares rather than that anyone is selling them. To that extent, the number of trades is encouraging, suggesting that someone might think there is still some value here. Perhaps the buyers are merely closing short positions.I wouldn't be a seller, although towards the end of the tax year there may be sellers wanting to crystallise losses. I'm not moved to buy, though. They've been unlucky, but the price of coal and gasoil are still moving in opposite (unfavourable) directions. Nigel Martin |
Posted at 15/10/2012 07:31 by totally banjo 15 October 2012 ATH Resources plc ("ATH" or the "Company" or the "Group") Update on Restructuring On 5(th) October 2012, the Company announced that it was in discussions with its key stakeholders to secure support for a proposed refinancing plan. Consultations with key stakeholders, including the Company's lenders, are continuing, but developments over the past week have led the Directors to believe that the Company is unlikely to attract the level of capital required to continue operating without a restructuring of the Group. Given the level of liabilities within the Company, it is unlikely that shareholder value will be maintained following any possible restructuring. Accordingly, the Company has instructed Deloitte LLP to advise on all restructuring options that may be available and to assist the Board in considering the merit of any proposals from parties who may be interested in investing in or acquiring the business. The Company will update the market on developments in due course. |
Posted at 03/11/2010 12:02 by spaceparallax Report courtesy of GCI:_"ATH Resources: light at the end of the tunnel David Port, executive chairman and co-founder of ATH Resources, one of Britain's few remaining coal producers, is in determinedly upbeat mood as he surveys prospects from the company's Doncaster headquarters after a succession of setbacks that have slashed profits and calls on cash that have forced the AIM-quoted company to halve its dividend. ATH, which operates open-cast mines in Scotland and the Midlands, has built up reserves to a record 8.5 million tonnes and has planning permission to start production at Netherton in the West Midlands, with reserves of four million tonnes, and Duncanziemere in Ayrshire, at costs that Port insists will be lower than those at UK Coal and aborted float candidate Scottish Resources. Floated on AIM in 2004 at nearly three times its present 54.5p share price, ATH will also see the progressive ending over the coming year to 18 months of past long-term sale contracts with power stations, industrial users and others at well below currently buoyant market prices. 'We anticipate restoring the dividend,' comments Port, a move that will have particular significance in these low interest rate days and offers the prospect of increasing the yield on ATH shares from around 5 per cent, many times the bank base rate even after the payout cut, to more than 9 per cent. These developments will mark a notable turnaround in the fortunes of ATH. Pre-tax profits fell 35 per cent to £5.8 million in the year to October 2009, as a 10 per cent fall in output to two million tonnes was cushioned by 13 per cent price increases on that portion of production not subject to restrictive contracts for a 1 per cent turnover gain to £77.5 million. Thereafter, conditions deteriorated markedly. Floods in Cumbria caused exceptionally wet mining conditions north of the border. Freezing conditions and snow in January prevented transporting of the coal to market, in one instance immobilising a 12-mile overhead conveyor between one of the mines and the railhead. The company's Glenmuckloch mine ran into severe geological problems. Unsurprisingly in the circumstances, ATH went into the red to the tune of £2.9 million in the six months to April on sales volume down 8 per cent to 776,000 tonnes and turnover reduced by 4 per cent to £34.4 million. Now, however, the picture has brightened, insists Port, and a 'rebased' ATH faces a more cheerful future, with a profit recovery on the cards in the second half. The company looks forward to production from Netherton and Duncanziemere and the winding up of the remaining below-market 'legacy contracts'. It was the £14 million investment needed on these two projects that made ATH cut its dividend, but they should now help swell the company's reviving output and sales. Another development that has improved the company's cash position was July's sale of its ATH Regeneration arm, which cleans up and restores disused mine sites commercially. ATH decided it could not meet the £40 million funding needed for the regeneration side's projects and sold it to RecyCoal for £6.5 million cash down, royalties over seven years capped at £8 million and a possible £2.5 million from the eventual sale of land and buildings. Port moved from non-executive to executive chairman after the sale. Alistair Black moved from head of mining to group chief executive. Analysts reckon ATH in its new form could hoist pre-tax profits from a likely £2.5 million in 2009-10 to £4.1 million next year and £6.6 million in 2011-12 on rising turnover. Given Port's optimism about restoring the dividend, a prospective yield of 9.1 per cent has undoubted attractions. Recommendation: Long-term buy Ticker: ATH Sector: Mining Listing: AIM Mid-price: 54.5p Market cap: £22m " |
Posted at 28/6/2010 17:13 by gnnmartin SRG (Scottish Resources Group) is hoping to list. They are the country's second largest coal producer, and the largest open cast coal miner. This should make ATH easier to value, and hopefully support the ATH share price.Nigel Martin |
Posted at 21/5/2008 20:42 by sharpshare Looks like our seller is Artemis. Accross all funds they are down from 3,954,675 ATH shares last reported on 19 Feb 2008 to 3,035,675 on 20 May 2008.In the GBP800m High Income Fund ATH holdings reduced from 2,546,094 to 1,965,080 They seem to have had a policy of substantially reducing equity exposure in the main High Income fund from 27.9% of total assets at end of Oct 2007 to 19% of total assets at end Dec 2007 to 10.9% at end April 2008 (a reduction of 61% of the equity shareholdings). Looks like a change in strategy after dismal 9.5% fall in value of fund for year to 31 March 2008 to stem losses and stop redemptions. Also appear to have net client redemptions in month of March 2008. This used to be a very popular fund and they had huge subscriptions in the prior year. The unit price bid offer spread is a whopping 7%. (At end April 2008 bid 74.56, offer 79.81)Great fees for Artemis and associated brokers. Artemis must be making a fortune out of these fund investors. Need lots of cash to pay for the constant newspaper adds about the hunting, fishing, shooting chap in tweed jacket with shotgun bagging the profit birdie. To be fair this fund had a good record until about a year ago so maybe they "earned" their money? It appears that the ATH sales could be mainly due to change in asset allocation policy, redemptions and not much to do with ATH itself, (basically an indiscriminate seller) although it is still possible they know something about ATH which others don't. Great news for those trying to pick up cheap stock, bad luck for those trying to sell out at good price. It is not a bad strategy buying cheap stock from distressed forced sellers. In last 15 trading days according to ADVFN trade stats there have been about 1,475,000 buys and about 95,000 sells. There appears to have been a constant big seller at 200p. In the absence of this big seller the ATH share price would probably have been higher. At least the price has not been trashed in the rush to get out. Fund mgt fees are what a fund mgt company cares about. If investment policy needs to change to attract or retain fees then that is what happens. Anyone else care to do a little digging... With the latest all time high spot oil price of USD 134 per barrel and the big rise in long term forward oil prices expect coal prices to go even higher and the shares to pop upwards sooner rather than later as the seller's stock is sold out or the fund manager realizes the facts have changed fundamentally since his original sell order assuming he still has any discretion. Better still a rival fund manager could bid for the rest of this line of stock if it is still on sale. Maybe a UK based coal fired power station would like to buy out ATH to lock in cheap secure supplies. A certain rival UK coal miner may also be drooling over this forgotten coaler. Now if the company were to announce a new contract with sales prices double the historic contract rate... |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
